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$1 Trillion Deficit Complicates Obama's Agenda

online.wsj.com — The U.S. budget deficit for fiscal-year 2009 broke past $1 trillion in June, a potential threat to Obama's broader agenda and efforts to revive the economy.

Who dugg this? Made popular Jul 14, 2009

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  • ftx437, on 07/14/2009, -14/+110"efforts to revive the economy"
    What efforts? The stimulas was a scam, and he continues to spend money with out any regards to the future.
  • atomheartmother, on 07/14/2009, -13/+107FTA:

    "President Barack Obama on Monday stressed the importance of enacting health-care legislation as a way to bring down long-term deficits."

    Which makes about as much sense as taking an expensive vacation to help reduce your credit card balances.
  • Trister0, on 07/14/2009, -12/+94Yes we can!





    ruin the economy.
  • Bagos1, on 07/14/2009, -10/+86Don't worry uniformed citizens. Go back to your daily lives. Everthing is ok. You're future is assured in my gifted hands.
    I wonder if we've been through this before....Oh look....yes we have
    It's a bit different right?
  • elijahyossie, on 07/14/2009, -6/+79that is a sum of money I find hard to comprehend. Mind you, the UK can't point fingers, Crash Gordon is spending like it's going out of fashion.
  • inactive, on 07/14/2009, -8/+74Keep in mind this is only as of June. There's three more months to go in the gov's fiscal year. And correct me if I'm wrong, but there aren't any cuts in next years budget either. So this is only the beginning of $1 Trillion plus deficits... YEARLY.
  • oldhick, on 07/14/2009, -11/+75This is truly a sad day. I honestly can't believe we are going down this road...
  • enoxard, on 07/14/2009, -4/+67democrat or republican, the citizens get the shaft when the limited role of government is ignored.

  • greatwiseone, on 07/14/2009, -8/+63No worries. Trillion is the new billion, so the economists say...

    Uhh, if that's the case, why am I not making millions instead of thousands?
  • Googoozilla, on 07/14/2009, -5/+54It is getting so bad that I had to take out a loan on a cherry slurpy and pack of bubble gum the other day.
  • AWBoy666, on 07/14/2009, -4/+51I'd gladly pay you Tuesday for healthcare today!
  • Blinker1315, on 07/14/2009, -1/+41And "Crash Gordon" will, relatively soon, be consigned to the dump heap of failed Labour leaders.
  • kemp34, on 07/14/2009, -3/+42So you are saying a one trillion plus deficit is no big deal because of who is reporting on it??
  • inactive, on 07/14/2009, -22/+60Odumbo is sucking capital from the private sector (the real engine of growth) faster than the stimulus can put money into economy via schemes such as "infrastructure" investment.
  • alamedaman, on 07/14/2009, -7/+42Change we can believe in!
  • SchmuckofNI, on 07/14/2009, -13/+48Man who or what did America vote for?
  • xGORDOx, on 07/14/2009, -3/+37And Obama's rhetoric about lowering the deficit by overhauling healthcare is straight up *****.
    Bull. *****.
  • Sanderson9009, on 07/14/2009, -5/+38Probably because he's too busy creating a bigger deficit, for me, my kids, and my kids, kids.
  • Richandler, on 07/14/2009, -2/+34Clearly you have never vacationed in Nigeria.
  • Bloodwine, on 07/14/2009, -1/+33The Detroitification of the nation.
  • tfox2k1, on 07/14/2009, -5/+37Obama's idea of change.

    Change the US economy into a 3rd world African economy.

    If his spending continues we will be printing 1 million dollar notes to buy a loaf of bread. Just like Africa.



  • Barackalypse, on 07/14/2009, -1/+33Sustainable growth can never come from unsustainable borrowing.
  • Ferretman, on 07/15/2009, -5/+35Obama voters -- sorry yet?
  • funkedup, on 07/14/2009, -2/+32You mean Obama is conitnuing the mess that Bush has put us in.
  • funkedup, on 07/14/2009, -1/+30The problem with this is that those Keynesians will continue to blame the free-market for their mismanagement. Krugman, Geithner, Summers, and Bernanke are all disicples of Keynes and even Obama subscribes to this stragegy. Keynesianism is to economics as witchcraft is to medicine...
  • MetalHead73, on 07/14/2009, -4/+31A man who is not living up to his words and promises.
    Then again, he is a politician...
  • p51d007, on 07/14/2009, -3/+30Ok, everyone repeat after me...
    It's Bush's fault...it's Bush's fault...it's Bush's fault...
    How long til the people wake up and see Obama for who he is?
    An empty suit who is spending us into poverty, while propping up his buddies.
  • johndk, on 07/14/2009, -5/+31Sucker.
  • mcdoogles34, on 07/14/2009, -3/+29The American voters were really suckered in this time. And they thought they voted for something different, too!
  • vault, on 07/14/2009, -4/+30Being concerned over a trillion dollar deficit = fear mongering?

    Any article that discusses spending and leaves out any concern over the deficit is deceiving its readers by not providing enough information for them to form a well-reasoned opinion.

    There is no free lunch in this world. At some point, you have to pay the piper...and in this case, with interest. When you're talking about a trillion dollars, it's important for people to know about it.
  • WhiteHatTrick, on 07/14/2009, -2/+27Yes, by doing all the same exact things Bush did, but a lot more. Genius, really.
  • seanayb, on 07/14/2009, -3/+27So, democratic presidents can take credit for "their" economy, but if it's going bad then it's just the previous guy's fault?
  • superkendall, on 07/14/2009, -1/+25Won't take that long, CBO projections are $2 trillion deficit in six months.
  • Sanderson9009, on 07/14/2009, -5/+29This thread will be kicked off the main page for being too right sided, soon enough. It happens every time.
  • bmdubya, on 07/14/2009, -3/+26The government should just get a new credit card. Thats the American thing to do, when you owe an assload of money, just open another credit card.
  • wondertwins, on 07/14/2009, -3/+25man, this is not what I hoped for
  • throop77, on 07/14/2009, -1/+22*sigh*
  • onlyseano, on 07/14/2009, -1/+22Watch out man, Vinny will be on you quick if you don't pay that back soon, and that's no bueno.
  • superkendall, on 07/14/2009, -2/+23WTF? It makes sense because making the whole health care system like Medicare (a giant boondoggle of spending) will REDUCE COSTS?

    You are insane.
  • lico05, on 07/15/2009, -2/+22Oh boy....add Obama's new health care to this and then we'll have an even worse situation.

    If you think health care is expensive now, wait until it's "Free."
  • iagainsti, on 07/14/2009, -1/+21We're so *****.
  • elijahyossie, on 07/14/2009, -1/+20here's hoping, he's useless.
  • bmcnally, on 07/14/2009, -1/+20Why do politicians and economists always talk about "keeping the deficit under control"?
    They should be pushing to keep the budget under control. You know, that thing that makes sure you don't have a deficit.
  • throop77, on 07/14/2009, -1/+19They (Krugman at least) say we haven't spent enough, THAT's the problem... uhm... even with a trillion dollar deficit... see... we haven't spent enough.
  • originaltinman, on 07/14/2009, -9/+27Damn Obamatards!!! Stop suffrage in America!!!!
  • briguymaine, on 07/14/2009, -3/+21"it'll be alright, you'll see" *rocking in a fetal position clutching Obama campaign poster*
    part of the problem is that ordinary people don't pay attention and don't bother to learn about these things, yet they are still allowed to vote.
  • bmcnally, on 07/14/2009, -4/+22They voted for a man they did not fully understand. Due diligence was not done on the part of citizens and the media.
  • xGORDOx, on 07/14/2009, -4/+22The Dems have had both houses since 2006, and all three since 2009.
    But it's Bush's fault.

    Does the OP have any f-ing clue as to what the CRA is, The Community Reinvestment Act? If not, you have no business opening your moronic pie hole in regards to the current economic debate.
  • twomeyw23334, on 07/14/2009, -0/+18The Keynesians are like hard core communists in that way. No matter how much history demonstrates failure of their principles, they will always claim that the problem lies with the execution, and not the philosophy itself. But after a certain point, when execution always fails, I think it's time to acknowledge the theory itself is flawed.
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